- Reuters•2 days ago
Brazilian power company CPFL Energia SA shareholder Energia São Paulo Fundo de Investimento em Ações has decided to exercise tag-along rights in a deal with China's State Grid Corp, according to a securities ...
- The Wall Street Journal•4 days ago
China’s State Grid will acquire a 29.4% stake in Brazilian power distributor CPFL from local pension fund Previ in a deal valued at $2.3 billion.
- Reuters•last month
State Grid Corp of China plans to sign final terms of the purchase of a 23.6 percent stake in Brazilian power holding company CPFL Energia SA from conglomerate Camargo Correa SA as early as Friday, said a person directly involved in the matter. On July 1, State Grid, the world's largest utility, agreed to pay 5.9 billion reais ($1.8 billion) for Camargo Correa's stake in CPFL, part of an effort to expand in Latin America's largest economy. Under terms of a shareholder accord, State Grid had to extend the same offer to other shareholders, including Previ Caixa de Previdência dos Funcionários do Banco do Brasil and an investment vehicle called Bonaire - which has four other state-run pension funds.
CPFL Energia S.A. (CPFE3.SA)
Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
|Day's Range||24.13 - 24.33|
|52wk Range||13.27 - 24.55|
|1y Target Est||N/A|
|P/E Ratio (ttm)||22.76|
|Avg Vol (3m)||1,779,403|
|Dividend & Yield||N/A (N/A)|